(a) 'Beneficiary' means a person who receives real property under a transfer-on-death deed.(b) 'Designated beneficiary' means a person designated to receive real property in a transfer-on-death deed.(c) 'Joint owner with right of survivorship' or 'joint owner' means an individual who owns real property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant and a tenant by the entirety. The term does not include a tenant in common.(d) 'Person' means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.(e) 'Real property' means an interest in real property located in this state.(f) 'Transfer-on-death deed' means a deed authorized under this chapter and does not refer to any other deed that transfers an interest in real property on the death of an individual.(g) 'Transferor' means an individual who makes a transfer-on-death deed.(h) In this chapter, the terms 'cancel' and 'revoke' are synonymous.Added by Laws, 2020, ch. erty on the death of an individual.(g) 'Transferor' means an individual who makes a transfer-on-death deed.(h) In this chapter, the terms 'cancel' and 'revoke' are synonymous.Added by Laws, 2020, ch. 406, SB 2851,§ 2, eff. 7/1/2020.
Mississippi Legal Code